Trusts & Estates
Importance of Safeguarding the IRAs
by Matthew T. McClintock, JD | VP of Legal Education, WealthCounsel
The U.S. Supreme Court recently handed down its opinion in Clark v. Rameker, a groundbreaking decision that could affect your clients’ assets. The Court held that inherited IRAs are not protected from creditors in bankruptcy cases in 47 states.
Understand the changes
By familiarizing yourself with the latest developments in this issue, you can create—or revise—a strategy that provides protection for your clients’ retirement funds. Learning more about the recent legal changes means you can anticipate your clients’ needs and provide a solution before a problem arises.
The Standalone Retirement Trust strategy
Can an unintended—and unfortunate—outcome be avoided? Yes, with a Standalone Retirement Trust strategy (SRT). You can protect your clients’ retirement funds by working with them to establish an SRT for their beneficiaries.
Fortunately, WealthCounsel makes it easy for you to draft an appropriate SRT, including the relevant beneficiary designation forms, using Wealth Docx®, our sophisticated yet simple-to-learn document drafting software. Our award-winning solution was created with input from hundreds of estate planning attorneys and industry experts across the nation.
Please complete the form below to download this WealthCounsel Thought Paper to learn more.
Complete the form to get your free guide
Retirement Accounts in Estate Planning: A Primer
Download our free thought paper on planning for retirement assets.Learn More
Case Studies in Asset Protection, Part 6: Standalone Retirement Trusts (SRTs)
Learn how to use standalone retirement trusts (SRTs) as part of a comprehensive asset protection strategy in this 2 page brief.Learn More
Standalone Retirement Trusts: A Crucial Component of Estate Planning
Standalone Retirement Trusts should be part of estate planning for any client with retirement assets. Learn why in this Insight Brief.Learn More